Jacobs Receives Hospital Expansion Project in Clermont Ferrand, France.Business Editors PASADENA, Calif.--(BUSINESS WIRE)--April 13, 2004 Jacobs Engineering Group Jacobs Engineering Group Inc. (NYSE: JEC), a publicly traded company with annual revenues approaching $7 billion, provides professional technical services. Headquartered in Pasadena, CA, Jacobs offers support to industrial, commercial, and government clients across multiple Inc. (NYSE NYSE See: New York Stock Exchange :JEC) announced today that a subsidiary company has received a major hospital reconstruction and relocation RELOCATION, Scotch law, contracts. To let again to renew a lease, is called a relocation. 2. When a tenant holds over after the expiration of his lease, with the consent of his landlord, this will amount to a relocation. project from Hopital Clermont Ferrand University in the Clermont Ferrand Region of France. Jacobs, one of the top engineering service providers for the French healthcare sector, is providing engineering, procurement The fancy word for "purchasing." The procurement department within an organization manages all the major purchases. , and construction management services for a major expansion with a total contract value of over $117 million. They are teaming with Architect Group 6 on the project, constituting the fourth healthcare facility on which they have collaborated. The project entails the integration of a mother and child healthcare facility into the general surgery-oriented hospital complex, upgrading it from an obsolete building into a state-of-the-art facility featuring the latest hospital technology. The project encompasses 75,000 square meters Noun 1. square meter - a centare is 1/100th of an are centare, square metre area unit, square measure - a system of units used to measure areas and includes an aggressive 3-year schedule. The expansion and upgrade allow the hospital to meet growing service demands into the future. In making the announcement, Jacobs Group Vice President John McLachlan stated, "We are delighted to be able to assist Hopital Clermont Ferrand in meeting its critical expansion strategy. As an important healthcare provider in France, they are a highly regarded client and we look forward to developing a strong and long-lasting partnership." Jacobs, with over 35,000 employees and revenues approaching $5.0 billion, provides technical, professional, and construction services globally. Any statements made in this release that are not based on historical fact are forward-looking statements forward-looking statement A projected financial statement based on management expectations. A forward-looking statement involves risks with regard to the accuracy of assumptions underlying the projections. . Any forward-looking statements made in this release represent management's best judgement as to what may occur in the future. However, Jacobs' actual outcome and results are not guaranteed and are subject to certain risks, uncertainties and assumptions ("Future Factors"), and may differ materially from what is expressed. For a description of Future Factors that could cause actual results to differ materially from such forward-looking statements, see the discussion under the section "Forward-Looking Statements" included in Item 7 - Management's Discussion and Analysis Management's discussion and analysis (MD&A) A report from management to shareholders that accompanies the firm's financial statements in the annual report. It explains the period's financial results and enables management to discuss topics that may not be apparent in the financial of Financial Condition and Results of Operations contained in the Company's 2003 Annual Report on Form 10-K Form 10-K A report required by the SEC from exchange-listed companies that provides for annual disclosure of certain financial information. Form 10-K See 10-K. . |
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